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Daily News Wrap-Up: Solar Sector Pins Hopes on Budget 2023

MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

January 30, 2023

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The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing tax and duty waivers for solar equipment, extending the Production Linked Incentive (PLI) program to the MSME sector, solar manufacturing to be considered under priority sector lending, and lifting duties on the import of machinery. After one of the best years for the solar sector in terms of installations, stakeholders exude optimism about 2023, despite higher prices and supply challenges.

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